Archive for ‘Policies’

How the Hedge “Vulture” Funds can Seize Control of the Co-op Bank
by Sean Boyle
The recapitalisation plan gives the “vultures” 45% of equity and the option to buy another 25% of equity for £125 million. Exercising this free generous option would give the “vultures” 45% + 25% = 70% ownership of the Co-op Banking[…]

Bank of England Resolution to Stop Vultures Asset Stripping
by Sean Boyle of the Economics Working Group
Co-op Bank Policy Proposal
Previously both the Co-op Group board and Co-op Banking board are to be congratulated for their ethical and responsible action in ensuring that the Co-op’s leading brand insurance and asset management businesses were only[…]

Dear Friends
I have been asked to speak again to my paper on Debt ‘Savage Money’ this Friday.
I’m very happy to discuss the issues raised in more detail. Will you please read the paper and come with questions and answers so that we can answer the problems posed by the paper together. None of[…]

Housing Petition to No 10 Downing Street.
A Community Housing Policy Fit for Purpose
Housing is the third most fundamental of human needs after water and food and it is therefore a matter of grave concern in a supposedly civilised democracy that there has been nothing resembling a responsible policy on this front for more[…]

Somali Pirates “Rescue” Oil Tanker
by Sean Boyle
Describing the Co-op Bank “recapitalisation” plan as a “rescue” is like saying Somali pirates have “rescued” an oil tanker from the Persian Gulf.
In many ways the UK’s Co-op Bank is neither fish nor fowl: not mutual yet owned by the mutually owned Co-op Group; the Co-op[…]

A moody end to the Vigil at Balcombe Community Protection Camp Tuesday 19th November. The vigil was given less than 40 minutes, before their equipment was seized by Bailiffs.
One thing to be noted, is that to never underestimate the power of the photographer. without them these thugs would have rolled over us even quicker[…]

Since the appalling news of a Co-op Bank takeover by US hedge “vulture” funds (Aurelius Capital and Silver Point Capital) a growing body of Co-op members and bank customers are rallying to restore co-operative control and underpin the bank’s commitment to ethical investment.
Background
The future of the Co-op Bank has been in doubt since[…]

Swiss to Vote on Guaranteed $2800 Monthly Income for All Adults
http://gawker.com/swiss-to-vote-on-guaranteed-28-000-monthly-income-for-1441514881
http://news.msn.com/world/swiss-to-vote-on-dollar2800-monthly-income-for-all-adults?stay=1
From Diana – Some potentially useful links:
European initiative: http://basicincome2013.eu/
UK group: http://basicincome.org.uk/
Clues to why UBI is supported by very different groups, for very different reasons (including some neoliberals!):
http://basicincome.org.uk/article/2013/10/neoliberalism/
I still reckon the risks of it being turned on its[…]